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Code · Nevada · CHAPTER 166A - CUSTODIAL TRUSTS (UNIFORM ACT)

NRS 166A.240 General powers of custodial trustee.

69 words·~1 min read·/nv/chapter-166a-custodial-trusts-uniform-act/166a-240·

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NRS 166A.240 General powers of custodial trustee.
1. A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over custodial trust property which an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights and powers in a fiduciary capacity only.
2. This section does not relieve a custodial trustee from liability for a violation of NRS 166A.230 .
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